Kingfisher Reports 3.3% Increase In Q1 Sales

by Benzinga Staff
June 2, 2011 3:43 AM | 16 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Kingfisher PLC (OTC: KGFHY) reported a 3.3% rise in its sales for the first quarter ended April 30 on Thursday. Kingfisher reported its quarterly sales at 2.73 billion pounds ($4.46 billion). Its retail profit surged 19.1% to 174 million pounds.Kingfisher shares fell 1.61% to close at $9.19 yesterday.Read more

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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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